Grauman's Chinese Theatre up for sale

[doconeill]

If any of the rumors over the use of the image are true, perhaps Disney could solve them right here:

Grauman's on the block as value peaks

Amid seismic shifts in local exhibition, Warner Bros. and Viacom are stepping up efforts to unload L.A.-area movie theaters piecemeal, including the iconic Grauman's Chinese in Hollywood. Such an exit would conclude an initially profitable but more recently tedious tenure of ownership for the studio companies.

 

[Goofy Tourist]

Hopefully Disney would buy it. Hard to say since they own the Hyperion, has anyone heard how that theatre is doing?

It would be cool if they used Grauman's as a place to premiere live action movies and use Hyperion as the location to premiere the animation films. That would give both places a unique draw.

 

[CanadianGuy]

It is a historic property with a rich history ... even for Walt Disney Pictures.

Graumans does very well.. I know when I lived in Hollywood, I rarely saw any showings that you might consider "sparsely attended" =--> many tourists buy a ticket to see a film there "just because" - it almost doesn't really matter what the showing is.

Fascinating possibilities. Not sure if Disney has the stomach for the investment currently but it sure is interesting.

Knox